The extent of it:
Confirmed that this will have little affect on VHGI other than an order saying "don't break the law", which is funny cause should there need to be an order to say don't break the law in the first place?
Quote:
Thank you for your email. As to your question, we are seeking permanent injunctions against both the company and Mr. Martin. The injunction against Mr. Martin would order him not to violate the federal securities laws. The injunction against the company would order the company and anyone authorized to act on behalf of the company not to violate the federal securities laws.
Sincerely,
Patrick Costello
Patrick R. Costello, Esq.Senior Trial Counsel
U.S. Securities and Exchange Commission
801 Brickell Avenue, Suite 1800
Miami, Florida 33131
Direct Dial: 305.982.6380Facsimile: 305.536.4154
Email: costellop@sec.gov